- ISIN
- US77926X8589
- CUSIP
- 77926X858
- Issuer
- Roundhill
- Inception Date
- Oct 31, 2024
- Category
- Derivative Income, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $150M
Share Price Chart
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Performance
XPAY Performance Chart
Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is up 9.7% since the beginning of the year. XPAY is currently trading at $53 per share.
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Returns By Period
Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) has returned 9.72% so far this year and 26.22% over the past 12 months.
Roundhill S&P 500 Target 20 Managed Distribution ETF
- 1D
- -0.19%
- 1M
- 0.13%
- YTD
- 9.72%
- 6M
- 9.26%
- 1Y
- 26.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
XPAY Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 2024, XPAY's average daily return is +0.07%, while the average monthly return is +1.34%. At this rate, an investment would double in approximately 4.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +10.7%, while the worst month was Mar 2025 at -5.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, XPAY closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.52% | -0.91% | -5.35% | 10.70% | 5.47% | -1.31% | 9.72% | ||||||
| 2025 | 2.67% | -1.42% | -5.80% | -0.62% | 6.37% | 4.97% | 2.28% | 1.78% | 3.68% | 2.25% | 0.01% | 0.01% | 16.78% |
| 2024 | -1.53% | 5.81% | -2.49% | 1.60% |
Benchmark Metrics
Roundhill S&P 500 Target 20 Managed Distribution ETF has an annualized alpha of 1.14%, beta of 0.98, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since October 31, 2024.
- With beta of 0.98 and R2 of 0.99, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.14%
- Beta
- 0.98
- R²
- 0.99
- Upside Capture
- 102.68%
- Downside Capture
- 98.72%
Expense Ratio
XPAY has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XPAY ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XPAY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.78 | +0.04 |
| Martin ratioReturn relative to average drawdown | 12.61 | 12.44 | +0.17 |
Dividends
Dividend History
Roundhill S&P 500 Target 20 Managed Distribution ETF provided a 20.82% dividend yield over the last twelve months, with an annual payout of $11.11 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $11.11 | $11.43 | $1.94 |
Dividend yield | 20.82% | 21.21% | 3.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Roundhill S&P 500 Target 20 Managed Distribution ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.90 | $0.90 | $0.90 | $0.90 | $0.90 | $0.90 | $5.40 | ||||||
| 2025 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $0.95 | $11.43 |
| 2024 | $0.97 | $0.97 | $1.94 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Roundhill S&P 500 Target 20 Managed Distribution ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Roundhill S&P 500 Target 20 Managed Distribution ETF was 18.20%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current Roundhill S&P 500 Target 20 Managed Distribution ETF drawdown is 1.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.20%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
2026 pullback2026 | -9.34%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 |
2025 pullback2025 | -5.03%Nov 2025 | 22d | 21d | 1mo 13dOct 2025 - Dec 2025 |
2025 pullback2025 | -4.39%Jan 2025 | 1mo 2d | 13d | 1mo 15dDec 2024 - Jan 2025 |
2026 pullback2026 | -4.36%Jun 2026 | 7d | — | 20d 9hJun 2026 - now |
Drawdown Indicators
| XPAY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.20% | -56.78% | +38.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -9.10% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.67% | -1.80% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.71% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.03% | +0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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